BitPanda to Introduce Reduced Rates For Using BEST

BitPanda to Introduce Reduced Rates For Using BEST

BitPanda has announced that their Ecosystem Token, BEST, will allow users to be viable for a 25% discount as of October 30th.

Holders of the coin will the be able to use this reduced rate to pay their trading fees on the BitPanda Global Exchange if they do so by using BEST.

As a result of this, it has meant that the most viable and cheapest way to pay for any fees you incur while going about your day-to-day trading on BitPanda will be with BEST. 

The inclusion of this new way to use BEST and the discount marked the first of the special features of token since it was introduced earlier this year via an IEO which turned out to be the highest ever European IEO ever recorded, generating €29 million.

During the announcement of this new special feature, BitPanda has also outlined some promising milestones for users to look out for the in the near future. These will further make those who currently HODL BEST happy with their decision, as they could see some impressive results for the price of BEST.

Guarantee Fee Paying Price and BEST Burn

The first of which is the guarantee that within the first year, which will include the first half of 2020, the price of BitPanda will secure a minimum value of €0.12 when using it to pay fees. This will be just the start though, as they have also stated that this price for fee-paying will gradually increase year on year. Outlining that a price of €0.132 in 2021 and €0.145 in 2022.

As well as this, the platform has also announced their plans to make their first BEST burn after the first quarter of 2020, pegged somewhere around early April. During this, 25% of the tokens that were used for paying exchange will be burnt. Then, following this, every quarter the same amount will be burnt until which time 50% of the BEST total supply has been destroyed. Of course, this will reduce the circulation and thus, see further value increase for the token also.

All of which considered, means the next 10 months will be very telling for the BEST token and it is likely that the price could see some serious value growth. As such, it would be a wise investment to partake in. You can do so at either of their platforms, BitPanda of the Global Exchange.

This follows news of expansion in other parts of their service too. The BitPanda Metals service also saw updates last week too, with the inclusion of two new metals to the service, palladium and platinum. These join other digitised metals they had in place, Gold and Silver. These too can be purchased and traded with any crypto, including BEST, while also being eligible for the new 25% discount that will be rolled out at the end of the month.

While there is still more than 3 weeks to wait for this service, it is not too late to get stockpiling the BEST for future trades. With this considered, heading over to BitPanda early is advised as the price could grow rapidly in anticipation of this new service.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021
eToro,Investment,Trading

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021
Binance,Bitcoin,token

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021
Blockchain,Casino,Ethereum

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021
Binance,Casino,Cryptocurrency

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021
Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021